Chilean asset management platform Fracttal raised $35M in a round led by Riverwood Capital with participation from Fracttal’s existing investors Seaya Ventures, Kayyak Ventures, GoHub, and Amador.
Fracttal develops predictive maintenance and asset management software that enables companies to manage assets more efficiently. Its cloud-based platform integrates IoT, AI technology, and asset management software to provide real-time visibility into operations and assets.
Fracttal will use the funds for advanced product development and expansion in strategic markets, such as Brazil, Mexico, Spain, and France.
“This funding comes at a strategic time for Fracttal as we reinforce our leadership in Latin America and accelerate expansion in European markets,” commented Christian Struve, CEO and co-founder of Fracttal.
Fracttal currently operates in more than 60 countries and manages over 20 million registered assets across the industrial and services sectors.
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